14 Best Lowest Interest Rate Credit Cards – If you are looking for the lowest interest rate credit card, then these 14 credit cards will be the best for you.
The way people spend their money has changed a lot in the last decade. Nowadays people prefer to shop online and pay their bills online. Credit cards are currently available to most people. Credit card payments are made more often.
There are a few things you should always keep in mind before buying any credit card, such as the annual renewal fee. What kind of benefits will the card provide? Are there any limits on your credit limit and billing cycle?
If you don’t make your payments on time, what is the interest rate? However, paying your dues every month or in the billing cycle should not cause you any problem. Credit card users making large payments or transferring balances should always keep this in mind.
Credit cards with lower interest rates will be better for them if they offer less benefits and more benefits than credit cards with higher interest rates. Failure to pay your credit card bills on time will negatively affect your credit score and lead to rejection or cancellation of future loan or credit card applications.
If you make large payments like purchases, utility bills and car loan EMIs, choose a credit card with maximum shopping benefits and a lower interest rate. Self-assessment and comparing different cards from different banks is the most effective way to find the best card for you. In this article, we share a list of 14 Indian credit cards with interest rates between 1.5% and 2.99%.
14 Best Lowest Interest Rate Credit Cards 2023
1) Kotak Mahindra Bank
- Card Name – Best Price Card
- Monthly interest rate – 1.50%
2) State Bank of India
- Card Name – UBI Advantage Card
- Monthly interest rate – 1.75%
3) Union Bank of India
- Card Name – Classic Card
- Monthly interest rate – 1.90%
4) Union Bank of India
- Card Name – Silver Card
- Monthly interest rate – 1.90%
5) Axis Bank
- Card Name – Easy Gold Credit Card
- Monthly interest rate – 1.95%
6) State Bank of India
- Card Name – Advantage Plus Card
- Monthly interest rate – 2.25%
7) State Bank of India
- Card Name – Advantage Gold Card
- Monthly interest rate – 2.25%
8) ICICI Bank
- Card Name – Instant Platinum Card
- Monthly interest rate – 2.49%
9) Citibank
- Card Name – Cashback Card
- Monthly interest rate – 2.50%
10) Citibank Credit Card
- Card Name – Prestige Card
- Monthly interest rate – 2.50%
11) Bank of Baroda
- Card Name – Titanium
- Monthly interest rate – 2.60%
12) Bank of Baroda
- Card Name – Signature
- Monthly interest rate – 2.60%
13) Bank of Baroda
- Card Name – Platinum
- Monthly interest rate – 2.60%
14) Kotak Mahindra Bank
- Card Name – Aqua Gold Card
- Monthly interest rate – 2.99%
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If you make all your payments on time without any defaults, you can get another complimentary card from the bank. Additionally, you may get a card with a lower interest rate and higher returns from the bank.
If you want to reduce your dues and interest payments, always make your payments on time. Whenever possible, pay the maximum in one go or pay in full.
- It’s always a good idea to choose a card with a low interest
- Choose a card with the lowest renewal fee
- Know what’s on your monthly bill other than interest
- The late fee penalty and default payment penalty can be found here.